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Co-op Expands Partnership with TCS with a Cloud-First Strategy to Support its Business Growth and Sustainability Roadmap

Posted On : 2024-02-21 15:43:52( TIMEZONE : IST )

Co-op Expands Partnership with TCS with a Cloud-First Strategy to Support its Business Growth and Sustainability Roadmap

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has expanded its partnership with The Co-operative Group Limited (Co-op), one of the world's largest consumer co-operatives with interests across food, funerals, insurance and legal services, to adopt a cloud first strategy that will support the group's business growth.

TCS has been the strategic partner to Co-op for the past 14 years, supporting a number of business-critical and workplace transformations. These include their retail business transformation, core system transformation and franchise programme. These initiatives have helped Co-op accelerate time to market, create new revenue streams, and enhance agility to respond in real time to emerging business scenarios.

The expanded partnership will see TCS help Co-op move from a traditional data centre model to a fully managed, scalable cloud environment powered by TCS Enterprise Cloud. This migration to a scalable cloud will help Co-op by enabling a foundation for future capabilities and growth, while reducing energy usage and supporting sustainability goals. TCS will also manage the hybrid cloud and SaaS estate for enhanced resilience and agility.

Rob Elsey, CDIO, The Co-operative Group, said: "We are delighted to extend our strategic partnership with TCS in enabling us to meet Co-op's business objectives and serving and supporting our memberowners who are at the very heart of our business. They have been a great partner, aligned with our growth priorities and future-proofed our infrastructure as we set on the course for continued future expansion - supporting change and transformation in how we work as a business and in our cloud journey."

Shekar Krishnan, Head, Retail & CPG - UK & Europe, TCS, said: "TCS is pleased to expand our longstanding partnership with The Co-operative Group. Our contextual knowledge, deep domain expertise, and technology prowess will help Co-op achieve their cloud-first strategy and result in a resilient digital foundation to support their business growth."

TCS is one of the largest providers of IT services, consulting, and business solutions in the UK, by revenue. It has operated in the region for more than 45 years and works with over 200 of the nation's best-known and most-loved businesses. It currently employs more than 23,000 people in the UK and Ireland, making it among the region's biggest IT employers. TCS has been ranked the number one IT service provider for customer satisfaction in the UK in an independent survey of CIOs from the largest IT spending organizations in the country.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 4029.95 as compared to the previous close of Rs. 4101.60. The total number of shares traded during the day was 30284 in over 10021 trades.

The stock hit an intraday high of Rs. 4098.85 and intraday low of 4011.10. The net turnover during the day was Rs. 122590178.00.

Source : Equity Bulls


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